CHASE BANK GROUND LEASE 1001 S Crowley NW Renfro St in Crowley, TX (S Fort Worth) $2,843,000 / 4.75% CAP Rate

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1 $2,843,000 / 4.75% CAP Rate EXCLUSIVE LISTING AGENT: Joe Caputo joe@exp1031.com Bob Moorhead bob@exp1031.com License held with Charles Randall Axtell, TX Broker of Record 20-Year, Corporate, Absolute NNN, Ground Lease w/ 10% Rent Increases Every 5-Years JP Morgan Chase (NYSE: JPM) Standard & Poor's Rating: AA- Hard Corner Location - Traffic: 41,000+/- Cars / Day Directly Across from a Kroger Anchored Shopping Center Other Neighboring Tenants: Wells Fargo, Gold s Gym, Walgreens, CVS, B of A, Subway, Game Stop, Domino s Adjacent to Deer Creek Elementary School & Crowley Assembly of God Crowley is Located Approximately 8 Miles from Fort Worth & 30 Miles from Dallas Tarrant County Sits on 6% of the Nations Natural Gas Reserves Crowley HH Income: $74,075 - Exceeding DFW, State & National Averages

2 TABLE OF CONTENTS PAGE 1: PAGE 2: PAGE 3: PAGE 4-5: PAGE 6: PAGE 7: PAGE 8-9: PAGE 10: COVER TABLE OF CONTENTS - DISCLAIMER INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW PROPERTY PHOTOS AERIAL PHOTO MARKET OVERVIEW LOCATION MAPS DEMOGRAPHICS CONFIDENTIAL MEMORANDUM & DISCLAIMER EXP Realty Advisors, Inc. ( Agent ) has been engaged as the exclusive agent for the sale of the building located at 1001 South Crowley Road, Crowley, Texas, more commonly known as Chase Bank (the Property ), by the owner of the Property ( Seller ). The Property is being offered for sale in an as-is, where-is condition and Seller and Agent make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. The enclosed materials are being provided solely to facilitate the prospective investor s own due diligence for which it shall be fully and solely responsible. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Agent or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Agent nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communication or information transmitted or made available or any action taken or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Seller and Agent each expressly reserves the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, correction of errors, change of price or other terms, prior sale or withdrawal from the market without notice. Agent is not authorized to make any representations or agreements on behalf of Seller. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered, and approved by Seller and any conditions to Seller s obligations hereunder have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Agent or Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller and Agent. TABLE OF CONTENTS - DISCLAIMER 2

3 PRICE: $2,843,000 CAP RATE: 4.75% NET OPERATING INCOME: $135,000 BUILDING AREA: 4,204 +/- Square Feet LAND AREA: /- Acres OCCUPANCY: 100% YEAR BUILT: 2009 Tenant: Leasable Area: Initial Lease Term: Options to Renew: LEASE OVERVIEW Rent Commencement: May 2009 Lease Expiration (Primary Term): May 2029 Lease Type: Rent Increases: JPMorgan Chase Bank, N.A Acres 20 Years 4, 5 Year Options Year 1-5 Annual Rent: $135,000 Year 6-10 Annual Rent: $148,500 Year Annual Rent: $163,350 Year Annual Rent: $179,685 Year Annual Rent (Option 1): $197,653 Year Annual Rent (Option 2): $217,418 Year Annual Rent (Option 3): $239,160 Year Annual Rent (Option 4): $263,076 Ground Lease Absolute NNN JP Morgan Chase & Co. The Leading Global Financial Services Firm with Assets of $2 Trillion Operates in more than 60 countries 92.1 Million Customers Employs over 79,000 People S&P Rating: AA- JPMorgan Chase is one of the oldest, largest and strongest financial services firms in the world. With $2 Trillion in assets and $116 Billion in stockholder equity, they serve millions of U.S. consumers and many of the world's most prominent corporate, institutional and government clients. The company is the leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. The company s Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, and prime brokerage and research. Its Commercial Banking segment provides lending, treasury services, investment banking, and asset management services to corporations, municipalities, financial institutions, and notfor-profit entities. The company s Treasury and Securities Services segment offers transaction, investment, information services, cash management, trade, wholesale card, and liquidity products and services. Its Asset Management segment provides investment and wealth management services to institutions, retail investors, and high-net-worth individuals. It also offers global investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity products, including money market instruments and bank deposits; and trust and estate, banking, and brokerage services, as well as retirement services. The company s Retail Financial Services segment offers retail banking and consumer lending services that include checking and savings accounts, mortgages, home equity and business loans, and investments through ATMs, online banking, and telephone banking. Its Card Services segment issues credit cards and processes various credit card payments. JP Morgan Chase & Co. principal bank subsidiaries are JP Morgan Chase Bank, N.A., a national banking association with branches in 17 states, and Chase Bank USA, N.A., a national banking association that is the firm s credit card-issuing bank. JP Morgan Chase & Co s principal nonbank subsidiary is JP Morgan Securities, Inc., its US investment banking firm. The company, headquartered in New York City, operates in 60+ countries and employs over 200,000 people. It is rated "AA-" by Standard & Poor's and is a component of the Dow Jones Industrial Average. INVESTMENT OVERVIEW - LEASE OVERVIEW - TENANT OVERVIEW 3

4 PROPERTY PHOTOS 4

5 PROPERTY PHOTOS 5

6 The Shoppes at Deer Creek Crowley Assembly of God Subject Property Deer Creek Elementary School Fort Worth (7 miles) AERIAL PHOTO 6

7 1001 S CROWLEY RD, CROWLEY, TEXAS Immediate Trade Area The Chase Bank building is located on the southeast corner of South Crowley Road/FM 731 (8,465± cars/day) and Northwest Renfro Street and is adjacent to the Total Care Clinic, a neighboring primary and urgent care facility. Chase is strategically positioned minutes from Interstate-35 (Traffic: 104,000 cars / day) and Interstate-20. FM 1187, a recently completed four lane highway, links the trade area to I-35. Tenants in the immediate area include Kroger, Subway, Firestone Complete Auto Care, AutoZone, Wells Fargo, Bank of America, CVS, Walgreens, BBVA Compass Bank, among others. Deer Creek Elementary School is adjacent to the subject property as well. Crowley, TX Crowley is a city located on the southern edge of Tarrant County directly south of Fort Worth and west of Burleson. It is located within the Dallas-Fort Worth metropolitan area, approximately 8 miles south of downtown Fort Worth and 30 miles from downtown Dallas. The average household income is $74,075, greatly exceeding the DFW Metroplex, State and National averages. The trade area is experiencing a growth explosion within a 3-mile radius. The population has grown by over 40% in the last five years and is projected to grow another 20% by Crowley is surrounded by the smaller communities of Burleson, Joshua, and Rendon and the Texas Wesleyan University campus at Burleson is just 4 miles away. Fort Worth, TX Fort Worth is the seventeenth-largest city in the United States of America and the fifth-largest city within the state of Texas. Located in North Texas and a cultural gateway into the American West, the city covers nearly 300 square miles in Tarrant, Parker, and Denton counties, serving as the county seat for Tarrant County. According to 2009 estimates by the North Central Texas Council of Governments, the city has a population of 720,250, with an estimated growth to 750,000 by the 2010 decennial U. S. Census. The city is the second-largest cultural and economic center of the Dallas Fort Worth Arlington metropolitan area (commonly called the Metroplex). Fort Worth and the surrounding Metroplex area offer numerous business opportunities and a wide array of attractions. Despite the economic roller coaster, Fort Worth showed positive growth. Unemployment is between 4% and 6% for the third straight year. Fort Worth/Tarrant County sits on 6% of the nation s natural gas reserves. Dallas - Fort Worth Metroplex The Dallas/Fort Worth Combined Statistical Area is made up of 19 counties and has one of the highest concentrations of corporate headquarters in the United States. American Airlines is the largest employer in the Metroplex. Several major defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex. ExxonMobil, the #1 corporation on the Fortune 500 listings, is also headquartered here. Six cities in the Dallas-Fort Worth Metroplex made the Forbes America s 25 Best Places to Move. MARKET OVERVIEW 7

8 Subject Property LOCATION MAPS 8

9 Subject Property LOCATION MAPS 9

10 DEMOGRAPHIC SNAPSHOT Category 3 -Mile 5-Mile 7-Mile Population: Total Population 7,919 45,672 97,747 Male Population 49.9% 48.7% 48.9% Female Population 50.1% 51.3% 51.1% Median Age Population Density (per sq. mi.) 2, , ,243.8 Employees 1,714 13,522 25,429 Establishments 187 1,455 2,311 Income: Median HH Income $74,075 $64,192 $68,048 Per Capita Income $23,562 $22,866 $22,871 Average HH Income $71,356 $67,370 $69,245 Households: Total Households 2,525 15,260 32,191 Average Household Size Household Growth % 23.3% 33.8% Housing: Owner Occupied Housing Units 81.2% 66.2% 69.1% Renter Occupied Housing Units 12.9% 25.4% 22.8% Vacant Housing Units 5.9% 8.4% 8.1% DEMOGRAPHICS 10

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